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LEASE EXTENSION AGREEMENT Building Name Unit# Bedroom# 1 2 3 4 M Tenanted This lease extension agreement is made by and between Holmes Property Management/ RentUTK.com at PO Box 1335, Morristown TN
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How to fill out lease extens ion agreement
How to fill out a lease extension agreement:
01
Review the current lease: Familiarize yourself with the terms and conditions of the existing lease. Understand the lease expiration date and any provisions related to extensions.
02
Contact the landlord or property management: Reach out to the landlord or property management to express your interest in extending the lease. They may provide you with a lease extension agreement form or guide you through the process.
03
Gather necessary information: Collect all the required information that will be needed to complete the lease extension agreement. This may include your name, contact information, lease start and end dates, and any proposed changes to the terms.
04
Understand the terms: Carefully read through the lease extension agreement to fully comprehend the terms being proposed. Pay attention to any modifications to rent, lease duration, or other provisions that may differ from the original lease.
05
Negotiate if needed: If you have any concerns or proposed changes to the agreement, negotiate with the landlord to reach mutually agreeable terms. Communication is key in ensuring both parties are satisfied with the extension.
06
Fill in the details: Complete the lease extension agreement with accurate and up-to-date information. Double-check for any errors or omissions before submitting it to the landlord or property management.
07
Sign the agreement: Once you are satisfied with the terms and have accurately filled out the lease extension agreement, sign it. Ensure that all required parties, such as co-tenants or spouses, also sign the agreement if applicable.
08
Submit the agreement: Deliver the signed lease extension agreement to the landlord or property management as per their instructions. Retain a copy of the agreement for your records for future reference.
Who needs a lease extension agreement?
01
Tenants looking to continue their lease: If a tenant wants to stay in a rental property beyond the initial lease term, they will need a lease extension agreement to formally document the extension of their lease.
02
Landlords seeking to extend existing leases: Landlords may also require a lease extension agreement when they wish to prolong the tenancy of a current tenant. This agreement allows them to define the revised terms and conditions for the extended lease period.
03
Property management companies: Property management companies involved in managing rental properties may also utilize lease extension agreements when handling lease renewals for their clients. These agreements help formalize the extension process and maintain legal clarity.
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What is lease extension agreement?
A lease extension agreement is a legal document that allows the extension of a current lease agreement for a specified period of time.
Who is required to file lease extension agreement?
The landlord and the tenant are required to file a lease extension agreement.
How to fill out lease extension agreement?
To fill out a lease extension agreement, both parties should include their names, the property address, the existing lease terms, and the new terms of the extension.
What is the purpose of lease extension agreement?
The purpose of a lease extension agreement is to formalize the extension of a lease agreement and outline the new terms and conditions.
What information must be reported on lease extension agreement?
The lease extension agreement must include the names of the parties involved, the property address, the original lease terms, and the new lease terms.
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